Real Brokerage (NASDAQ:REAX) Reaches New 1-Year Low – Here’s What Happened

The Real Brokerage Inc. (NASDAQ:REAX) shares hit a new 52-week low on Monday . The company traded as low as $3.39 and last traded at $3.40, with a volume of 1557671 shares traded. The stock had previously closed at $3.54.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Freedom Capital raised Real Brokerage to a “strong-buy” rating in a research note on Friday, January 23rd. Wall Street Zen downgraded Real Brokerage from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. B. Riley reissued a “buy” rating and issued a $8.00 target price (up previously from $7.00) on shares of Real Brokerage in a research note on Friday, October 31st. Finally, Jones Trading restated a “buy” rating and issued a $5.00 target price on shares of Real Brokerage in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Real Brokerage currently has an average rating of “Moderate Buy” and a consensus target price of $6.50.

Real Brokerage Stock Down 4.0%

The stock has a market capitalization of $720.12 million, a PE ratio of -85.00 and a beta of 0.97. The business’s fifty day moving average is $3.84 and its 200-day moving average is $4.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REAX. XTX Topco Ltd boosted its position in Real Brokerage by 424.9% during the 2nd quarter. XTX Topco Ltd now owns 222,469 shares of the company’s stock worth $1,003,000 after purchasing an additional 180,086 shares during the period. Matauro LLC purchased a new stake in shares of Real Brokerage in the third quarter worth about $1,131,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Real Brokerage in the second quarter valued at about $151,000. Fortitude Advisory Group L.L.C. raised its holdings in shares of Real Brokerage by 30.0% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 105,695 shares of the company’s stock valued at $477,000 after buying an additional 24,380 shares during the period. Finally, DNB Asset Management AS lifted its position in Real Brokerage by 13.6% during the 2nd quarter. DNB Asset Management AS now owns 105,386 shares of the company’s stock worth $475,000 after acquiring an additional 12,625 shares in the last quarter. 53.28% of the stock is owned by institutional investors and hedge funds.

About Real Brokerage

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.